Interim report
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Business Review for the period January - March 2021 Continued service despite current world situation January - March 2021 ( compared to January - March 2020 ) • Sales amounted to EUR 24.6 M ( EUR 75.0 M ) . • • Other operating revenue was EUR 10.3 M ( EUR 1.2 M ) . Operating income totalled EUR -7.7 M ( EUR -21.5 M ) . • Net financial items were EUR -1.3 M ( EUR -1.9 M ) . • Income before taxes amounted to EUR -8.9 M ( EUR -23.4 M ) . VIKING LINE • Income after taxes totalled EUR -7.2 M ( EUR -18.7 M ) . The outlook for the financial year 2021 is unchanged . Uncertainty about regulatory requirements , state aid , the impact of vaccination programmes and related restrictions for passenger traffic , and market demand will affect Viking Line's operations , results and financial position . It is too soon to quantify the impact on earnings since there is great uncertainty about the trend . As a result , no earnings forecast is provided for 2021 . The COVID - 19 pandemic continues to dominate the company's operations and results , where the focus has been on the company's public service obligations and the monitoring of costs . Salary and other employment benefit expenses together with other operating expenses were reduced by more than 50 % compared to the same period last year . Since the end of the first quarter of 2020 , the company's possibilities for running regular operations have been severely limited by the still ongoing COVID - 19 pandemic . Comments from President and CEO Jan Hanses " The Group's operations during the first quarter of 2021 continued to be dominated by the effects of the COVID - 19 pandemic . Service has been maintained on four vessels on the routes between Åland and Sweden and between Turku and Stockholm , calling at Åland , and on the Helsinki - Tallinn route . Service has been maintained thanks to the public service obligations that the Group has an agreement on with the Finnish Transport and Communication Agency ( Traficom ) . The first quarter is normally the weakest of the Group's financial year due to normal variation in demand . The Finnish Government introduced stricter travel restrictions on January 22 , 2021 , along with a lockdown on various operations , including restaurants . This naturally had a negative impact on the demand for travel , and as a result the Group was forced to cut back on the range of services and staffing on board . Meanwhile , the passenger shipping companies in Finland reached an agreement in Finland with Traficom and the Finnish Institute for Health and Welfare that that the companies would require a negative COVID test from passengers to enter Finland . Viking Line took part in this agreement . ' Operations during the first quarter were therefore dominated by low passenger volumes and thus continued cost - cutting and adjustments to the restrictions in effect . Furloughs continued to the same extent as during the autumn of 2020. Given the circumstances , these measures